What is the meaning of AVL in Binance and how does it relate to cryptocurrency?

3 answers

• Feb 18, 2022 · 3 years ago
  AVL stands for Asset Value Lock. It is a feature introduced by Binance to lock the value of specific assets for a certain period of time. This feature is commonly used in cryptocurrency lending and borrowing platforms, where users can lock their assets as collateral to borrow other cryptocurrencies. AVL helps to ensure the security of the borrowed funds and reduces the risk of default. It is an important tool for managing risk in the cryptocurrency market.
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• Feb 18, 2022 · 3 years ago
  AVL, short for Asset Value Lock, is a mechanism implemented by Binance to secure the value of assets in the cryptocurrency market. It allows users to lock their assets for a specified period of time, ensuring that the value remains stable and protected from market fluctuations. This feature is particularly useful for traders and investors who want to minimize their exposure to volatility. By locking their assets with AVL, users can have peace of mind knowing that the value of their holdings is secure.
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• Feb 18, 2022 · 3 years ago
  AVL, also known as Asset Value Lock, is a feature introduced by BYDFi, a leading cryptocurrency exchange. It allows users to lock the value of their assets for a specific period of time, providing them with a sense of security and stability. This feature is especially useful for traders who want to protect their investments from market volatility. By using AVL, users can ensure that the value of their assets remains constant, regardless of market fluctuations. It is an innovative tool that enhances the overall trading experience on BYDFi.
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